After a grinding week of negotiations in the House of Representatives, the chamber's GOP majority finally approved Speaker John Boehner's plan to increase the nation's $14.3 trillion debt ceiling just ahead of the the Aug. 2 deadline for its expirati

Days ago, a Yale Law professor wrote an op-ed for CNN that mentioned a crazy-seeming idea for averting a debt meltdown that doesn't sound crazy anymore: have the Treasury Department exploit a loophole to mint two $1 trillion coins and use those to pa

“I love my country. I don’t want it in debt like this. I don’t want it having a financial crisis,’’ said Jane Olive, a retired teacher in Las Vegas who sent $100 to the box this month.
But the contributions don’t specifically go to pay off existin

In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.
The derelict neighborhood off Michigan Avenue is a sharp c

If There Were a 'Libertarian Terrorist' - Would libertarianism be to blame? Article by Lew Rockwell. / The Hidden Debt Risk That Could End the Empire - Don't throw us in that briar patch, Br'er Fox. Article by Mike Rozeff. / Forget Nelson Mandela and

The CME Group has made it more expensive to trade Treasury futures in an effort to curb market swings created by growing fears of a government default.
The latest action to cut back volatility comes after the Chicago firm, which runs the biggest s

We need a financial convulsion to sweep away the accumulated debris of poor choices, false hopes, squandered resources, frauds, swindles, and lies. Such an event can't help but set off a true political convulsion. Let the banks eat their own tails...

Unlike banks, businesses, and even residential homes, most farms have little or no security. Most do not even have fences surrounding their crop fields and orchards, which means that the risk of being caught stealing is low, especially when under the

People have been anticipating it for some time. Now one can see it happening. And it looks like it is going to get worse. Entering the financial crisis in 2009, the Federal Reserve began creating money like nobody's business. The graph above illustr

Disengage From the US Government - It's time for domestic expatriation, says Fred Reed. / The Torturer vs. Joan of Arc - Becky Akers on the inhuman face of the regime. /
Accidentally Conceived in 1971 - The gold baby is now due, says Arthur M.M. Kr

“The swings in purchases of fuel and food have been “dramatic,” Tavares said. The volume of gasoline purchases placed on credit cards jumped 39 percent last month from a year earlier, compared with a 21 percent increase in June 2010...

The rising cost of college and lack of income growth has pushed many students into massive amounts of debt. Many older Americans like to talk about the days when they went to college and paid for their schooling with a part-time job.

There is no budget focus on the illegal wars and military occupations that the US government has underway in at least six countries or the 66-year old US occupations of Japan and Germany and the ring of military bases being constructed...

Mr. Speaker, I rise to speak against HR 2560, the Cut, Cap, and Balance Act. This bill only serves to sanction the status quo by putting forth a $1 trillion budget deficit and authorizing a $2.4 trillion increase in the debt limit.

The authorities have grossly underestimated the severity of the housing crisis and are still refusing to confront some of its key elements, such as the broken servicing model and chain of title problems.

Among states, Arizona had the highest percentage of undercapitalized local banks at the end of the first quarter, the most recent period for which data are available, after applying a proprietary stress test developed by Invictus.

Without real change default is inevitable. Default happens every day through monetary policy tricks. Every time the Federal Reserve engages in more quantitative easing and devalues the dollar, it is defaulting on the American people by eroding thei